-Scroll.in The minimum support price of Rs 5,050 per quintal barely covers the input cost, yet the going market rate is just about Rs. 4,500. Sudhakar Patil, 65, is a farmer in Bhayar Chincholi village in Maharashtra’s Osmanabad district. He cultivates a mix of tur, urad and moong on his 11-acre farm in the kharif season and chana and wheat in winter. In a good year, when there’s water in the...
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Farm loan waiver may give Karnataka farmers easier access to credit -
-Livemint.com Burden of farm loans has driven many Karnataka farmers into the clutches of moneylenders, who at times charge even by the hour Bengaluru: Naveen Kumar, 40, a small farmer in Hassan district, Karnataka, paid Rs.2,400 as premium (Rs.1,200 per acre) to insure his jowar crop last year. The crop failed after deficient rains. But Kumar was covered—or so he thought. Earlier this year, he received Rs1,600 (Rs800 per acre) as compensation—33% less...
More »Telecom to banking, most services to be costlier with GST -Sidhartha & Pankaj Doval
-The Times of India NEW DELHI: For some days now, several service providers — from insurance and banking to telecom and hotels — have been sending emailers to customers warning of a GST-driven increase in prices starting July 1. Alarmed and unconvinced, the revenue department in the finance ministry has roped in other ministries to impress upon industry to adjust input tax credit against possible increase in tax liability. The tax credit...
More »How farm loan waivers can actually benefit the economy -Charan Singh
-The Financial Express The fastest-growing major economy of the world cannot ignore its farmers as there is a genuine need to help the farming sector which is suffering from stress on account of indebtedness. The banking industry is also not able to extend credit to those farmers who are in default. A loan waiver can help bankers to renew the loans, and farmers can use the borrowed money for production of...
More »Half of Delhi's 1,000 water bodies vanished due to garbage dumping, encroachments -Joydeep Thakur
-Hindustan Times Delhi relies heavily on the polluted Yamuna, neighbouring Haryana for its water supply. The groundwater table is also fast depleting. Natural and artificial water bodies in the city are being targeted by land sharks as well as local residents who have turned them into garbage dumps. New Delhi: More than half of Delhi’s 1000 water bodies have either dried up, encroached upon or acquired for infrastructure development. That is...
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